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Nov 25, 2012
11/12
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the big sticking points, how to bring in more tax revenue and reduce things like medicare. but it's not clear when the president and lawmakers will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions ear early. they tend to do bet when they have a deadline. i would be pleasantly surprised to see a deal emerge earlier ler than the end of the year, but we'll see. >> reporter: senate majority leader harry reid said before the break that they hoped to have another meeting with the president this week. randi? >> athena jones, thank you very much. the fiscal cliff wasn't on the president's mind while he was out christmas shopping though the reporters tried to ask him about it. the president and this daughter sasha and malia stopped by. the president bought 15 children's zbiks to be given to family and friends. the president's daughter sure to be sad about this next one. their beloved justin bieber is losing the top spot on youtube. korean top star psy now has the most watc
the big sticking points, how to bring in more tax revenue and reduce things like medicare. but it's not clear when the president and lawmakers will meet next. and even if some progress is made this week, a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions ear early. they tend to do bet when they have a deadline. i would be pleasantly surprised to see a deal emerge earlier ler than the end of the year, but we'll see. >> reporter:...
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Nov 25, 2012
11/12
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anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. president mohamed morsi announced sweeping new powers for himself. ordering egyptian court not to overturn any decree or law issued since he took office. as the crowds gather there's a growing unease over what coul
anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli...
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Nov 25, 2012
11/12
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you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme position. >> so lawmakers, we're talking about peter king, lindsey graham being the latest ones today, to say they might consider abandoning that no tax hike pledge, similar to how senator saxby chambliss said he would abandon the pledge for the american people. yes, they may have been extreme positions but for a long time most of these lawmakers didn't feel it was extreme, they felt it was the necessary thing to do, they were digging in heels for a very long time. so it does seem hike an incredible page that's being turned here to be able to now say, i'll consider abandoning that. it does seem like there is
you can say, in spirit, that i don't -- i'm against raising taxes in spirit. however, as a legislator, i have to make choices based on what's happening at that moment in time. and if you have -- if you have a rising deficit and you have a country where the economy is stagnating you may have to, in the short term or for longer periods of time raise revenue and you may have to do that through raising taxes. so to have ever taken that position was an extreme position. >> so lawmakers, we're...
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Dec 1, 2012
12/12
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that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses and i was thinking "is that the right numbers, is that the right numbers?" and i was shaking and i called my husband and i said "i think i'm having a heart attack." >> pelley: the hills take home $135 million after taxes. mark hill, a mechanic, is quitting his job. >> i talked to my boss over the phone. he didn't belief me. later he called back and said "really?" i said "yup, really." >> pelley: there was one other winning ticket purchased outside phoenix but we don't know who the owner is yet. the fledgling egyptian democracy just got its first draft constitu
that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses...
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Nov 19, 2012
11/12
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many blame it on washington to reconcile spending and taxes. the journal push lished a special spread in morning features big business ceos calling on congress to shut up and doing something. our next guest claims companies are smart not to hire now because they understand a simple rule of business. you can't spend more than you take in, a rule many scold the federal government for ignores. brian hamilton is the head of a financial company. government as business analogy, i'd love to get into that later. i want to start to something that jumped out in this story. we talk about companies scaling back on investment, and it seems we have this debate for a few years by now by why companies aren't investing more. is it because there's a lack of demand in the economy. there's one thing this article cites. it says it can be traced to easing of demand. it seems to me that is a siren call for more stimulus, isn't it? to create demand in the economy? >> that's funny. before we start we go from jefferson to hamilton. that's interesting. here's what's goin
many blame it on washington to reconcile spending and taxes. the journal push lished a special spread in morning features big business ceos calling on congress to shut up and doing something. our next guest claims companies are smart not to hire now because they understand a simple rule of business. you can't spend more than you take in, a rule many scold the federal government for ignores. brian hamilton is the head of a financial company. government as business analogy, i'd love to get into...
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Nov 25, 2012
11/12
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the reason is the country -- the government is on automatic pilot to the fiscal cliff, to massive tax increases and really horrible spending cuts on january 1st unless we act, so if congress does -- congress has gotten pretty good at doing these days, we'll go over the fiscal cliff, so there's work to be done and compromises to be reached. >> next, an interesting take on the fbi investigation that ensnared general david petraeus. >> i got to say, what spies surprises me is these people are still sending emails. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than yo
the reason is the country -- the government is on automatic pilot to the fiscal cliff, to massive tax increases and really horrible spending cuts on january 1st unless we act, so if congress does -- congress has gotten pretty good at doing these days, we'll go over the fiscal cliff, so there's work to be done and compromises to be reached. >> next, an interesting take on the fbi investigation that ensnared general david petraeus. >> i got to say, what spies surprises me is these...
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Jun 25, 2012
06/12
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they don't want to pay taxes and they want these privilege ls economic as well as maintained. my fear is they will not end up like the turnish military, might do to egypt what pakistani military did to pakistan. that's the main fear of those criticizing or critics of the military. >> tell me what that fear is. we talk a lot about the turkish model for the middle east. what is -- what are the perils of the pakistani model for egypt? >> you would have a great deal of corruption. no supervision. tremendous graph, no real checks and balances. you would have a formal democratic functions but not necessarily a real democracy. i always remind people that elections are not synonymous with democracy. democracy is much more than that. so far, we don't have democracy in egypt. that should be clear. you don't have independent judiciary rin the real sense. you don't have checks and balances in the real sense. >> these people in the square today, are they wrong to celebrate? >> no. i always insisted -- i didn't want to be intoxicated with the triumph of the moment back in february of last y
they don't want to pay taxes and they want these privilege ls economic as well as maintained. my fear is they will not end up like the turnish military, might do to egypt what pakistani military did to pakistan. that's the main fear of those criticizing or critics of the military. >> tell me what that fear is. we talk a lot about the turkish model for the middle east. what is -- what are the perils of the pakistani model for egypt? >> you would have a great deal of corruption. no...
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Jun 25, 2012
06/12
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they don't want to pay taxes. they want these privileges, economic as well as political, maintained. my fear is that they will not end up like the turkish military. they might drive egypt and do what the pakistani military did to pakistan. that's the main fear of those who are criticizing or who have been krcritics of the military. >> talk about what that fear is. what are the perils? >> there would be no supervision, no checks and balances. you would have formal democratic functions but not necessarily a real democracy. i always remind people that elections are not synonymous with democracy. democracy is much more than that. so far, we don't have democracy in egypt. that should be clear. you don't have checks and balances in the real sense. >> so these people in the square today, are they wrong to celebrate? >> no. i always -- i didn't want to be intoxicated with the triumph of the moment back in february of last year. that's why i'm still a skeptic about what's likely to take place in egypt. >> because these peo
they don't want to pay taxes. they want these privileges, economic as well as political, maintained. my fear is that they will not end up like the turkish military. they might drive egypt and do what the pakistani military did to pakistan. that's the main fear of those who are criticizing or who have been krcritics of the military. >> talk about what that fear is. what are the perils? >> there would be no supervision, no checks and balances. you would have formal democratic...
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Dec 2, 2012
12/12
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a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending, and an unlimited, unchecked authority tow borrow from the chinese. maybe i missed it, but i don't recall him scwg for any of that during the presidential campaign. >> jarvis: parents and school boards across the country are debating whether to offer bonuses to teachers whose student do well on standardized tests. sharyl attkisson check out how the bonus is working in the first city to try the idea >> reporter: tenth grader lennard long attends a public high school in washington, d.c., where his mom, leticia, used to be frustrated there were no teacher involveses. >> parents would say this teacher they didn't think there was a good teacher but you didn't have an idea why. they weren't evaluated and there wasn't anything for to us determine why. >> reporter: test scores here ranked among the worst in the nation, even though the district was spending more per pupil than large u.s. cities, almost $13,000 per student. but in 2009, washington, d
a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending, and an unlimited, unchecked authority tow borrow from the chinese. maybe i missed it, but i don't recall him scwg for any of that during the presidential campaign. >> jarvis: parents and school boards across the country are debating whether to offer bonuses to teachers whose student do well on standardized tests. sharyl attkisson check out how the bonus is working in the first city to...
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Nov 27, 2012
11/12
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when is a tax increase not really a tax increase. if you don't raise the top rate, if you were talking to the senator before, but you do cap deductions, for the wealthy, does that count as a tax increase? in my book it does count. would republicans then be able to say, well, we didn't raise the top rate? so i think what we see going on right now is a lot of theatrics, you see some republicans in the senate. and i would argue that the house republicans are the ones we really need to hear from, because they're the most dug in on the tax question. so you hear some republicans kind of saying, you know, that's a pledge that was 20 years ago, et cetera, et cetera. bottom line, wolf. you need to have entitlement reform and those spending cuts on the table and you need to have tax increases on the table. then they can all hold hands and jump off the cliff together. >> even though the styles that republicans are using to pedal their position right now seems to be shifting the substance of the position. seems to be pretty much the same as it's
when is a tax increase not really a tax increase. if you don't raise the top rate, if you were talking to the senator before, but you do cap deductions, for the wealthy, does that count as a tax increase? in my book it does count. would republicans then be able to say, well, we didn't raise the top rate? so i think what we see going on right now is a lot of theatrics, you see some republicans in the senate. and i would argue that the house republicans are the ones we really need to hear from,...
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Nov 26, 2012
11/12
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todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with lawmakers the friday before thanksgiving there was a lot of positive talk coming out of that with leaders on both sides saying the meeting was constructive, that lawmakers understood their responsibilities, and that they were going to work to
todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for...
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Nov 27, 2012
11/12
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any taxes. ever. >> i'm not obligated on the pledge, i made tennessee ans aware i am honoring the oath i take when i'm sworn in this january. >> that's one of the handful of republican lawmakers repudiating the pledge. he joins us shortly. i'll ask him to be more specific about whether that means higher tax rates for high incomes are on the table. something president obama campaigned and won re-election on. senator lindsey graham also breaking with norquist says no on higher tax rates, but is open to more tax revenue by limiting deductions. >> i will violate the pledge long story short for the good of the country only if democrats will do entitlement reform. >> another lawmaker who's breaking with the norquist agrees. >> i think everything should be on the table. i myself am opposed to tax increases, i'm not going to prejudge it, we should not be taking iron clad positions. >> late today in the situation room, republican kevin mccarthy, the house majority whip put a fresh spin on what seems to b
any taxes. ever. >> i'm not obligated on the pledge, i made tennessee ans aware i am honoring the oath i take when i'm sworn in this january. >> that's one of the handful of republican lawmakers repudiating the pledge. he joins us shortly. i'll ask him to be more specific about whether that means higher tax rates for high incomes are on the table. something president obama campaigned and won re-election on. senator lindsey graham also breaking with norquist says no on higher tax...
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Nov 23, 2012
11/12
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no sales tax. local bookstores already under pressure by the rapid rise of e-books and chains felt squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you could save 10%, why wouldn't you? >> reporter: but amazon's tax advantage tax advantage went away. it also began taxing in other states like pennsylvania and texas. they collect only for states where they have a physical presence. now here in california, amazon is building two giant warehouses. including this one near los angeles. it's a million square feet. and for the old fashioned retailers, it's another reason to worry. why? because amazon's goal is to get items to customers faster and be able to offer same-day delivery. that's right. you can avoid stores if you want and have a package delivered to your house in a matter of hours. a win for consumers, but tough for local retailers. >> if amazon creates distribution centers and facilities on their turf locally, that takes away the one advantage we see retailers have lef
no sales tax. local bookstores already under pressure by the rapid rise of e-books and chains felt squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you could save 10%, why wouldn't you? >> reporter: but amazon's tax advantage tax advantage went away. it also began taxing in other states like pennsylvania and texas. they collect only for states where they have a physical presence. now here in california, amazon is building two giant warehouses. including...
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Nov 26, 2012
11/12
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats are saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know ho
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 26, 2012
11/12
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that's raising taxes. we're raising revenue through tax raises. it doesn't matter what you call them as long as you understand they're the same. and the other thing i don't get is the notion that democrats are the ones that protect entitlements and republicans are the ones that are trying to protect businesses or rich people. i think we have to get past this overon simplification. i think there's not a republican in office, i don't think any republican is saying, we want to get rid of entitlement. so i think it's important that we get away from the talking points and the sound bites and both parties are pro business and it's not about being anti-tax. it's about unnecessary taxes and i think both parties view that don't want to have those taxes, as well. and i think as long as we're able to have a conversation about this compromise is easier to be made. >> 37 days until that cliff. >>> a voluntary recall for the generic, underlined generic version of the popular anti- anti-cholesterol drug lipitor. the generic version as seen in this entry from an
that's raising taxes. we're raising revenue through tax raises. it doesn't matter what you call them as long as you understand they're the same. and the other thing i don't get is the notion that democrats are the ones that protect entitlements and republicans are the ones that are trying to protect businesses or rich people. i think we have to get past this overon simplification. i think there's not a republican in office, i don't think any republican is saying, we want to get rid of...
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Nov 27, 2012
11/12
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no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign materials during the campaign spelled out that the only pledge i would be honoring would be the pledge of the oath of office that you make when you're sworn in. that's what my comments meant. look, i think republicans have shown a willingness to look at revenues as long as we have entitlement reform. those are the two ends of the spectrum, wolf. it appears that speaker boehner has been shown flexibility on revenues and the president on sbimgtsmentes. the point of my op-ed this morning in the "washington post," is look, i
no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign...
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Nov 26, 2012
11/12
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the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alon
the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how...
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Nov 24, 2012
11/12
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having the conversation this morning about people spending money pore black friday and maybe their taxes will go up at the same time is this fiscal cliff threat playing any role in what we're seeing as it relates to holiday shopping? >> it is and it isn't. 64% of the people that were polled by the national retail federation said they were going to be affected by the political uncertainty and how they would be shopping this year, but last year people spend about $740 during the holiday season. that's expected to go up by-10 year to 750 so even though they are saying they are concerned about the fiscal cliff, definitely worried about their finances, the taxes, the economic climate, people do seem to have holiday fever, and they are out there shopping. when you think about what are they shopping for this year? it's a lot of big-ticket items. they are calling it the year of the toy which typical. you've got barbies and legos and furbies, and guess what else is also at the top of the list, apple products, iphones, ipads, mini ipads. those are very expensive items, and they are not being disco
having the conversation this morning about people spending money pore black friday and maybe their taxes will go up at the same time is this fiscal cliff threat playing any role in what we're seeing as it relates to holiday shopping? >> it is and it isn't. 64% of the people that were polled by the national retail federation said they were going to be affected by the political uncertainty and how they would be shopping this year, but last year people spend about $740 during the holiday...
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Nov 26, 2012
11/12
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KTVU
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between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have accumulated on your balance sheet or, if you are the government you want to figure out how to impact the spending you have at the federal level as well. americans are looking for clarity, so they can make the decisions, and, in terms of purchasing short-term christmas gifts for the next selling season or whether, again, if you are a ceo and trying to think of investing in a plant or hiring new people -- >> if i may, sir, specifically, if you have a stock and you see your capital gains, if you sell the stock, could go from 15% to 24%, at the -- on january 1st, are some people cashing out now? >> well, wh
between the expiration of the bush tax cuts and higher taxes, for obamacare, the top capital gains rate will jump from 15% to 23.8, and listen to this: the top rate on dividends will jump from 15% to 43.4. how are, mr. sweeney, investors reacting to those possible, very stiff tax hikes? >> well, to that point, you want some clarity and whether the clarity comes in your personal economy at home, whether, you are a ceo or cfo of a corporation you want clarity how to spend the cash you have...
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Nov 25, 2012
11/12
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well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is david rock, co-founder and author of "your brain at work." good morning. >> good morning to you, radi, good to be here with you. >> i have a lot to get through with you, but you say that our brains are inherently wired to categorize other people in one of two ways. in groups and out groups. can you explain what that means? >> absolutely. it's an inle function, and we see it in many other animals, including mammals as well. it's not just an american thing or western thing. it's very much a part of who we are, to decide if everyone we're speaking to is on our
well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is...
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Nov 21, 2012
11/12
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CURRENT
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scaring the public about taxes. making the case that taxes are always bad. but the fact of the matter is and everybody knows it. we have a big budget deficit out there. somebody has got to pay more taxes and some spending has got to be cut. if it's not the wealthy paying more taxes and these are wealthy, remember, who in living memory have never taken home a larger share of total income and wealth in living memory, have never paid an effective tax rate that's as on their breath and income, these are the wealthy who are putting over something on everybody else. if they don't pay more, everybody else has to pay more. >> eliot: somebody's gotta pay it. i think the affirmative shift here is that the deal that the president offered last summer that was rejected by speaker boehner had a ratio of 10-1 cuts to revenue. the republicans said no way. we're not doing that. now we're essentially talking about something that's 2-1 and the republicans are acknowledging the revenue has to be raised. that's a sea change. >> that's progress. progress comes directly out of som
scaring the public about taxes. making the case that taxes are always bad. but the fact of the matter is and everybody knows it. we have a big budget deficit out there. somebody has got to pay more taxes and some spending has got to be cut. if it's not the wealthy paying more taxes and these are wealthy, remember, who in living memory have never taken home a larger share of total income and wealth in living memory, have never paid an effective tax rate that's as on their breath and income,...
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Nov 24, 2012
11/12
by
CNNW
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eye 296
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most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and answer to americans who spoke as loud as they could on election day? >> i think both sides are trying. but right now, if santa may bring us a budget deal, but he doesn't know if washington is going to be naughty or nice over these next 38 days. before this -- it's going to put a lot of pressure on the economy if we head over the fiscal cliff. we either have to fly or we fall. and if you let these budget -- tax increases expire, and if you get these automatic cuts, you're all of a sudden going to yank a lot of money out of the economy. what does that mean? it means a smaller, shrinking economy al
most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and...
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108
Sep 29, 2012
09/12
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CSPAN2
tv
eye 108
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everyone is the education candidate until they get and then you want them to cut your taxes. it does not work that way. it is your fault. [laughter] thank you. [applause] >> thank you so much. i am a graduate student so i have bend following the story so i have seen this happen but the question that i have is the story of rescue but what would have happened if the school closed? >> i was on the campus when they had to close bracket would have been a great loss to the community because of the legacy of reagan high. so many people here tonight are probably graduates. they say and constant contact. we brought back alumni for me to decade we have people there that love for a dead but for the kids belarus their neighborhood school. we're their voices are heard where we do what needs to be done. the kids have a voice. for the teachers, find another job, i go somewhere else, start again a new focus but for the whole district more nation that has a history that is it. we can bring in another types of schools but some of the most successful people have graduated from public-school sev
everyone is the education candidate until they get and then you want them to cut your taxes. it does not work that way. it is your fault. [laughter] thank you. [applause] >> thank you so much. i am a graduate student so i have bend following the story so i have seen this happen but the question that i have is the story of rescue but what would have happened if the school closed? >> i was on the campus when they had to close bracket would have been a great loss to the community...
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federal tax liability because it's tax deductible. it depends upon whether you itemize deductions. it's a term you know or don't know. >> there you go. >> that is why people need to call you. thank you very much for joining us. and you can give us a call or reach us by computer and you can go on to twitter and joining us here now is mary canning with the golden gate university. you're concerned people are getting notices they're just ignoring them. >> well, in cases they're not getting them. >> okay. >> i think they're having to be proactive this season about inquiring about notices because it's essential they match numbers to notice autos we're talking about from financial institutions and employers? >> right. and lenders. people have a lot of complicated situations. there is debting forriveness, renegotiations and short sales. so people are going to have to search out for notices. >> thank you very much for being here. she joins us every year. so we're going to be here up until 8:00 tonight. so... join us online are abc 7 news.com.
federal tax liability because it's tax deductible. it depends upon whether you itemize deductions. it's a term you know or don't know. >> there you go. >> that is why people need to call you. thank you very much for joining us. and you can give us a call or reach us by computer and you can go on to twitter and joining us here now is mary canning with the golden gate university. you're concerned people are getting notices they're just ignoring them. >> well, in cases they're...
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146
Jul 9, 2012
07/12
by
KPIX
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eye 146
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. >> this is not about taxing job creators, this is about helping job creators. i want to give them relief. >> president obama renews his call for an extension of middle- class tax cuts. >> the president announced the proposal today to extend tax cut for people making less than $250,000 per year. but as danielle nottingham reports, house republicans want to extend all bush era tax cuts even for wealthier americans. >> president obama is drawing a line in the sand, asking congress to renew tax cuts for the middle-class. >> which all agree to extend the tax cuts to the middle class, let's agree to do what we agree on. >> the present proposal would only apply to americans making less than $250,000 and would extend the tax cuts for just one year. >> i believe that it is time to let the tax cuts for the wealthiest americans, people like myself, to expire. >> as he fights for a second term, the president is trying to portray himself as a defender of the middle class and imply his republican challenger mitt romney wants to protect the rich. mitt romney and congressional
. >> this is not about taxing job creators, this is about helping job creators. i want to give them relief. >> president obama renews his call for an extension of middle- class tax cuts. >> the president announced the proposal today to extend tax cut for people making less than $250,000 per year. but as danielle nottingham reports, house republicans want to extend all bush era tax cuts even for wealthier americans. >> president obama is drawing a line in the sand, asking...
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111
Aug 4, 2012
08/12
by
FOXNEWSW
tv
eye 111
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. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times as many registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules. i once started a business there in one week. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a system that was market responsive and fast. >> he helped create the rules. it takes ten pages to register a hedge fund. the simple rules work. >> look at our track record. just in the past decade we've been through the crisis of 2000, 2004 and the more severe crisis be in 2008. no cayman financial institution needed any kind of government intervention or any type of bailout. >> john: they also created prosperity. >> today we have the highest standard of living in the world. >> jobs are always opening up and businesses are booming and hotels are being built. >> simple rules have been good for people. people's reaction we protect
. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times as many registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules. i once started a business there in one week. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a system that was market responsive and fast. >> he helped...
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185
Apr 5, 2012
04/12
by
WBFF
tv
eye 185
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but lawmakers are stillbickering overrhow muchto raise income taxes. (mcmillan) "i''e never seen so many tax proposals flowwand fall in one session and you know people are sick of it." it." a group of meeting at thishour...trying to resolvedifferences in the pudget. 3&new developmeets in the trayvon martin case. the neiihhorhood watchman who shott the teen aak in february has hiied another attorney. georre zimmerman says he shot martin in self defense after his head on the coocrete.tting martin wws unarmed aad many believeeits a case of racial profiling, but zimmerran's new attorney says that's not so. 3&it's because that 6-foot-3 young man made a terrible decision and a bad judgment when he decided to smack their nose, ump on them and smack their head into the ground and in doing thht, puu him in reasonabbe fear for his pafety. he was absolutely ennitled to efend hhmself and that's why trayvon martin ii dead, nottbecause of raaial profiling. meanwhile, protesters gathered wednesday demanding justice for martii. they're calling on lawmakers to reviewwt
but lawmakers are stillbickering overrhow muchto raise income taxes. (mcmillan) "i''e never seen so many tax proposals flowwand fall in one session and you know people are sick of it." it." a group of meeting at thishour...trying to resolvedifferences in the pudget. 3&new developmeets in the trayvon martin case. the neiihhorhood watchman who shott the teen aak in february has hiied another attorney. georre zimmerman says he shot martin in self defense after his head on the...
422
422
Nov 26, 2012
11/12
by
KTVU
tv
eye 422
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i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a second face- to-face meeting with president obama as soon as this week. >>> also in washington republican senator john mccain backed off from fiery criticism of un un ambassador susan rice about the attack in libya. >> i think she deserved the ability to explain herself and her position as she said, but she is not the problem. the prose problem is that the president of the united states, who in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. >> senator mccain threatened to block susan rice's nomination
i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a...
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64
Dec 29, 2012
12/12
by
WUSA
tv
eye 64
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we are now just three days away from the huge tax hikes and spending cuts known as the fiscal cliff. today, the president met with congressional leaders at the white house, but the action is now in the u.s. senate, where the republican and democratic leaders are trying to find some sort of compromise. but if they can't, the president is insisting on an up and down vote on his plan in both the house and senate. the vote in the news room tonight was to have gary nurenberg fill us in. gary? >> reporter: derek, how absurd is this? almost no one wants the country to see that combination of huge spending cuts and tax increases, but month after month after month, congress has been unable to cut a deal to avoid them. how absurd is this? so absurd the president is quoting yogi berra to describe it. >> this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything has to wait until the last minute. we're now at the last minute. >> reporter: the president spoke after a meeting where republican and d
we are now just three days away from the huge tax hikes and spending cuts known as the fiscal cliff. today, the president met with congressional leaders at the white house, but the action is now in the u.s. senate, where the republican and democratic leaders are trying to find some sort of compromise. but if they can't, the president is insisting on an up and down vote on his plan in both the house and senate. the vote in the news room tonight was to have gary nurenberg fill us in. gary?...
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93
Dec 28, 2012
12/12
by
WTTG
tv
eye 93
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and that is only one, that is one of the things. >> and some of the tax rates, the top tax rate is would go scheduled to go from 35 to 39.6% and what can folks do to insulate themes? there ways to move parts around if they're going to get hit with a higher tax bracket? >> in previous years, we talked about the tax loss harvesting. this year, it's important to harvest games i mentioned earlier. with that ordinary tax rate increasing like that, a lot of investors love dividend yield paying stock and this year in 2012, those dividend-paying stocks, the investor was paying taxes at the rate of 15% and that is going to increase to 39.6% and if they're subject to the surtax, they're paying 3 times as much taxes on that dividend. >> and with three days left, there is a lot of stuff for folks to go over before the deadline. gordon, we appreciate you joining us tonight. >> thank you, tom. >>> we have a winter weather advisory and that is looking identical and not for the city right now of d.c. and not for fairfax county. minutegomery county, rockville, frederick county and some communities around
and that is only one, that is one of the things. >> and some of the tax rates, the top tax rate is would go scheduled to go from 35 to 39.6% and what can folks do to insulate themes? there ways to move parts around if they're going to get hit with a higher tax bracket? >> in previous years, we talked about the tax loss harvesting. this year, it's important to harvest games i mentioned earlier. with that ordinary tax rate increasing like that, a lot of investors love dividend yield...
168
168
Nov 25, 2012
11/12
by
FOXNEWSW
tv
eye 168
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with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the e
with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the...
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272
Apr 3, 2012
04/12
by
WJLA
tv
eye 272
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>> extraordinary images of destruction from northeast taxes. like images coming from our affiliate helicopter hovering over suburban dallas neighborhoods where residents are shellshocked. the property in many cases ruined. people are on the top of what would normally be the attic. the roof was ripped off. amazingly, no serious injuries. these are captured by the abc affiliate in dallas and it shows the power of a tornado ripping through. this midafternoon twister put these tractor-trailers' skyward. >> look at that. unbelievable. i've never seen anything like this, lifting up these huge trailers and slanging them around like they are nothing. >> the carnage was breathtaking. trailer's stacked on top of each other. across the road, this trailer sliced in two. reports of two tornadoes touching down multiple times unleashing destruction on buildings and neighborhoods. you can see the first responders and citizens searching for victims, in this case checking in a main gold and recognizable -- mangled rv. >> they stopped to look at the extraordinary
>> extraordinary images of destruction from northeast taxes. like images coming from our affiliate helicopter hovering over suburban dallas neighborhoods where residents are shellshocked. the property in many cases ruined. people are on the top of what would normally be the attic. the roof was ripped off. amazingly, no serious injuries. these are captured by the abc affiliate in dallas and it shows the power of a tornado ripping through. this midafternoon twister put these...
137
137
Dec 5, 2012
12/12
by
KBCW
tv
eye 137
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the president will not sign anything without a tax increase for the nation's highest earners. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> the gop counter offer calls for raising $800 billion in revenue without raising taxes. jay carney liken today to magic beans and fairy dust. >>> still counting the multibillion dollars vote that will not die. and how much the recount is costing bay area taxpayers. >> and the day after an epic evening commute meltdown, muni decides to let one group of passengers ride for free. >> and here comes flu season. why this year may or may not be different than normal. government after being toldo shut down. drakes bay oyster company >>> the owners of an oyster farm are suing the federal government after being told to shut town. they were hoping to -- shut down. they were hoping to get a 10-year extension in the next lease, but in a move by local environmentalists, the secretary of the interior refused. the company says the decision violates a state water lease and 10 million oysters
the president will not sign anything without a tax increase for the nation's highest earners. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> the gop counter offer calls for raising $800 billion in revenue without raising taxes. jay carney liken today to magic beans and fairy dust. >>> still counting the multibillion dollars vote that will not die. and how much the recount is costing bay area...
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116
Apr 18, 2012
04/12
by
WUSA
tv
eye 116
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. >>> and if you haven't filed your taxes by now, you're likely going to be late. last minute filers packed the postal station before the doors closed up. now, while you do have until 11:59 to have it postmarked, most post offices are closed because so many of you file your taxes online. >>> how does 6 bucks for a gallon of gas sound? that is $5.79 for a regular of regular unleaded. in the washington metro area, drivers are paying an average of $4.05. that is down a couple cents from this time last week. people living inside the district pay an average of $4.17 a gallon. >> president obama was talking about the sky high cost of fuel. he's proposing new measures that would limit speculation in the oil markets. the president's plan calls for harsher penalties for any market manipulation. >> i call on congress to pass a package of measures to crack down on illegal activity and hold accountable those that manipulate the market for private gain at the expense of working families. >> gas prices would come down if we drilled more for oil, president obama says more oil has
. >>> and if you haven't filed your taxes by now, you're likely going to be late. last minute filers packed the postal station before the doors closed up. now, while you do have until 11:59 to have it postmarked, most post offices are closed because so many of you file your taxes online. >>> how does 6 bucks for a gallon of gas sound? that is $5.79 for a regular of regular unleaded. in the washington metro area, drivers are paying an average of $4.05. that is down a couple...
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165
Dec 31, 2012
12/12
by
KPIX
tv
eye 165
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the month is almost over and we are one day over from americans getting tax hikes. randall pinkston is live with the lack of opt -- optimism. >> reporter: yes, but the senate and house are in town. unusual between new year's and christmas for that to happen. one senator is calling it not a great attitude in congress right now. >> senator? >> reporter: 7 tors arrived to continue last-minute negotiations hours before the nation is set to fall off of the so-called fiscal cliff. after a day of intense talks, senate majority leader, harry reid said there will not be a deal tonight. >> there is a distance between the two sides, tpheg orbingiations continue. >> if republicans and democrats can not strike a deal, taxes will go up for almost every american, automatic cuts will kick in and millions will loose unemployment benefits. >> i want everyone to know i am will willing to get this done but i need a dance partner. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising whic
the month is almost over and we are one day over from americans getting tax hikes. randall pinkston is live with the lack of opt -- optimism. >> reporter: yes, but the senate and house are in town. unusual between new year's and christmas for that to happen. one senator is calling it not a great attitude in congress right now. >> senator? >> reporter: 7 tors arrived to continue last-minute negotiations hours before the nation is set to fall off of the so-called fiscal cliff....
75
75
Dec 17, 2012
12/12
by
WJLA
tv
eye 75
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so far the white house has not publicly responded to the latest republican proposal to increase the tax rate on those making more than $1 million annually. >> coming up on abc7 news at 6:00 federal aid for maryland has been impacted by hurricane sandy. who will get help and who will not. >> behind me, it is one of the things that montgomery county has put in place to improve it pedestrian safety. >> also we have the latest on a fiery crash that shutdown a major highway for hours friday morning and killed two men. >> the fog advisory has been expanded. i will sho you were born an original. there's a health company that can help you stay that way. what's healthier than that? >> police now know who was killed in a fiery crash on friday morning in beltsville. they do not have the cause yet. police still not sure why the driver lost control. in an effort to make crossing the street in montgomery county safer, appears to be working. >> despite the success there's still room for improvement. >> news choppers 7 was over german town road where a 15- year-old girl was hit and killed. she was walk
so far the white house has not publicly responded to the latest republican proposal to increase the tax rate on those making more than $1 million annually. >> coming up on abc7 news at 6:00 federal aid for maryland has been impacted by hurricane sandy. who will get help and who will not. >> behind me, it is one of the things that montgomery county has put in place to improve it pedestrian safety. >> also we have the latest on a fiery crash that shutdown a major highway for...
102
102
Apr 4, 2012
04/12
by
KBCW
tv
eye 102
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started to get out of control that for him to make a deal you have to propose both spending cuts and tax increases. he did it multiple times. he did not get through republican primary today. i asked our political analyst about this. >>> idea of residents of bonn was really saying is the truth which is that all the republicans are looking for social conservatism in the fabric of somebody like ronald reagan the positions they're being forced to take in some of these seven states especially are so extreme that their positions are more than likely president reagan wouldn't taken all those years ago when he ran. >>> the republican race may not be officially decided for a while it may take from the until the california primary on june 5th to get the needed delegate count. elizabeth cook cbs five. >>> is a chance to lock in the shoes of a loved one with a degenerative disease. the tools used to give us a rare look inside the world's of someone with dementia. >>> if we're being honest the old stuff is a little gross let's be honest. next was coming soon to a bart train near you. >>> and if munis
started to get out of control that for him to make a deal you have to propose both spending cuts and tax increases. he did it multiple times. he did not get through republican primary today. i asked our political analyst about this. >>> idea of residents of bonn was really saying is the truth which is that all the republicans are looking for social conservatism in the fabric of somebody like ronald reagan the positions they're being forced to take in some of these seven states...
166
166
Feb 2, 2012
02/12
by
CURRENT
tv
eye 166
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protecting public safety increasing taxes on the very wealthy for a short period of time. if we do that combined with the recovering economy and direct it to the schools. the budget is built on the assumption we're going to get this $7 billion. if we don't get it we'll have to cut back. and since education when you lose money, it comes out of education. >> there was a poll out last week which suggested that -- i was actually stunned to see that people were willing to go along with it, in pretty large numbers, like 60-some-odd-percent of voters were willing to support the plan. >> we have made pretty drastic cuts. higher education 25, aid to the elderly and disabled this is not nice. and a billion out of our prisons, so people know we're getting down to the point where the public service is not what most people want and that's where you find over 50% of the people are saying okay. i'm take a temporary tax. >> so you are able to balance, so now you have got to find a way to invest the things that will help california grow. talk a little bit about what the specifics are regar
protecting public safety increasing taxes on the very wealthy for a short period of time. if we do that combined with the recovering economy and direct it to the schools. the budget is built on the assumption we're going to get this $7 billion. if we don't get it we'll have to cut back. and since education when you lose money, it comes out of education. >> there was a poll out last week which suggested that -- i was actually stunned to see that people were willing to go along with it, in...
77
77
Dec 28, 2012
12/12
by
WUSA
tv
eye 77
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taken out because of the payroll tax, or they are going to lose deductions. most of the time they won't see a big deal until their first paycheck next year comes in. >> linda, president of tax masters in rockville, thanks for joining us and answering our viewers question. >> thank you, matt. >> highway officials throughout the region are warning holiday weekend travelers to stay off the roads if possible, he is special tomorrow morning. >> reporter: i'm scott broom in maryland where highway crews are not expecting a big symptoms, but they are expecting enough snow to make highways hazardous in just about every direction you can go. >> i do have travel plans, and that's to stay home. >> if you haven't been think about driving in winter weather now is the time. >> reporter: at the command center in hanover, maryland, laura is keeping tabs on the developing forecast. >> it's never a good time to drive at the onset of a storm. so fur planning on traveling this weekend keep a close eye on the winter storm on saturday, and if possible, delay travel until later in t
taken out because of the payroll tax, or they are going to lose deductions. most of the time they won't see a big deal until their first paycheck next year comes in. >> linda, president of tax masters in rockville, thanks for joining us and answering our viewers question. >> thank you, matt. >> highway officials throughout the region are warning holiday weekend travelers to stay off the roads if possible, he is special tomorrow morning. >> reporter: i'm scott broom in...
84
84
Dec 23, 2012
12/12
by
CSPAN2
tv
eye 84
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that's your tax subsidy. you spend additional money after taxes and treat everybody the same. >> host: what do you mean? >> guest: right now we don't. right now you get in a subsidy to employer provides you with a plan, you get no tax relief. purchasing insurance on your own. under obamacare, inequities are even worse. step on the treat everyone the same. when you buy insurance, no matter who you are, get the same amount of help from
that's your tax subsidy. you spend additional money after taxes and treat everybody the same. >> host: what do you mean? >> guest: right now we don't. right now you get in a subsidy to employer provides you with a plan, you get no tax relief. purchasing insurance on your own. under obamacare, inequities are even worse. step on the treat everyone the same. when you buy insurance, no matter who you are, get the same amount of help from
192
192
May 10, 2012
05/12
by
FOXNEWS
tv
eye 192
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no one is trying to hurt people who are in a lower income tax bracket. we should be helping each other and bringing everybody together. we are all in this. i was in new york when 9-11 happened. it wiped out all of the class structure because it was like being on the titanititanic. you are in first class everybody is on the same boat. you need to help each other. >> you heard about states cutting off driving privileges for those who don't pay parking tickets. >> is this fine or over the line. more than 75 percent of you thought it was just fine. >> mike stewart wrote on the facebook wall quote it is about getting as much money out of citizens as possible. these guys want us with as little money in our pockets as possible. >> david tweeted us, he said just fine. parking laws are in place for a reason. i support tougher means of enforcement. peter also tweeted us i have no issues with states suspending licenses if they would enforce the laws in the books the roads would be safer. thank you so much to all of you who responded keep the comments coming in to u
no one is trying to hurt people who are in a lower income tax bracket. we should be helping each other and bringing everybody together. we are all in this. i was in new york when 9-11 happened. it wiped out all of the class structure because it was like being on the titanititanic. you are in first class everybody is on the same boat. you need to help each other. >> you heard about states cutting off driving privileges for those who don't pay parking tickets. >> is this fine or over...